• Pay £512.45 per week state pension (2024-5 rate), which is £12,049.80 per month, and equals £24.597.60 per year. 

• Paid tax free, by not being deducted from your basic tax allowance (when UK residents).

• Same money to all pensioners, and 1950s ladies and 1960s ladies turning 60 since 2020. 

• SERPs (additional top up state pension aka protected payment),

 

• SERPs state second pension opt out,

• Instead of 60 per cent housewife pension (married to UK citizen before and after pension age)

• Instead of Category D pension to over 80s (married to UK citizen before and after pension age), remembering such ladies might have never worked so have husband's National Insurance number. 

• Same state pension money regardless of National Insurance record, so all the mistakes of the past cannot now be made to 1950s ladies now retiring age 66 and 1960s born retiring at 60 (by Over 50s party policy lowering pension age to 60 for 1960s born onwards).  

• Includes Gurkha men military pensioners, resident in UK or retired back in Nepal.  Women were not in the Gurkha military units.   

Amend 2014 pension act. 

• Keep COPE changes to works pensions, as a result of SERPs opt out to state pension. 

• Paid to people who are entitled to UK state pension, UK residents (tax free) or now living abroad (paying UK income tax before sent abroad). 

TRIPLE LOCK MADE PERMANENT 

- SERPs (ended going forwards since April 2016) has no triple lock guaranteed annual rise, and, for example, is only rising by 0.5 per cent in April 2021. 

- Guarantee triple lock annual rise to state pension. 

WHAT HAPPENS WITHOUT TRIPLE LOCK?

Examples of what happens when no triple lock is April 2022, when Tory government (Labour abstaining so voting for it, bar 13 who voted against from the mere 29 MPs who did) voted in parliament on Monday February 7, 2022, only to rise by 3.1 per cent, when it should have been more like 8 per cent. 

Bank of England predicted that inflation would hit 7.25 per cent in April 2022, so state pension cut by 3.9 per cent. (Source: Paul Lewis Blog - Twitter)

In the past Tory and Labour governments between 1980 and 2010 did not do the previous version of triple lock, of rising as a percentage of the increase of men's average wages, so, for example, in 1999 (Blair's Labour government) only rising by 75p per week. 

WHAT IS TRIPLE LOCK?

State pension would increase by the greatest of the following three measures:

- Average earnings

- Prices, as measured by the Consumer Prices Index (CPI)

- 2.5 per cent

In other words, if average earnings were to increase by 3 per cent, the state pension would also increase by 3 per cent. 

But neither average earnings nor the CPI increase by more than 2.5 per cent, the state pension still rises by 2.5 per cent.

FOREVER END STATE PENSION BEING CALLED A BENEFIT

• Make State Pension a Human Right and contract right between pensioners and National Insurance Fund

RENAME STATE PENSION

• Call state pension back to its previous name of
  NATIONAL INSURANCE PENSION.

HOW BETTERED STATE PENSION FUNDED?

GOVERNMENT FUNDING OF STATE PENSION

• Government Treasury re-start paying Consolidated Fund Supplement into National Insurance Fund.
  
  
• No surplus taken by government from National Insurance Fund for any reason, meaning ring fencing means ring fencing.

STOP DEDUCTING 20 PER CENT NHS FUNDING THAT COMES FROM National Insurance contributions, but NEVER ENTERED THE
National Insurance Fund, GOING DIRECT TO NHS? 

Getting fully funded from general taxation, with rich people and companies paying more tax. And below savings and further funding sources:

• End businesses getting corporation tax relief on the premiums of your Private Health Insurance contract.
  
  
• Raise Insurance Premium Tax (IPT) on private medical insurance to
  20 per cent.
  
  
• Ending private hospitals and fee-paying private schools having option of registering for charitable status and paying just 20 per cent business rates. 
  
  
• Private hospitals and fee-paying private schools to pay full business rates.
  
  
• Put 20 per cent VAT on medicines for private hospitals.
  
  

• End Business rates for all NHS hospitals.
  (Example of saving is..."NHS hospitals in England and Wales will pay a total of £423.02 million in business rates from April 1 for the 2021/22 financial year."...)
  
  
• End VAT payable on medicines bought by NHS.
  (NHS Trusts pay 20 per cent VAT on medicines dispensed from a hospital pharmacy).
  
  
• Charge private prescriptions 20 per cent VAT, instead, as now, being exempt from value added tax (VAT).